Abacore Capital Holdings Inc. (PSE: ABA) reported a strong financial performance for 2024, with net income rising to ₱3.293 billion, up ₱429 million or nearly 15 percent from ₱2.864 billion in 2023. The company attributed this growth to a 35 percent increase in other income (₱3.458 billion), a reduction in administrative expenses to ₱155 million, and dividend income reaching ₱7.3 million.
The company’s annual stockholders’ meeting, held on 14 August 2025, at the Sotogrande Hotel in Quezon City, also marked a major shift in leadership. Lawyer Antonio V.F. Gregorio III was elected as chairman, president, and CEO, a move seen as pivotal for both the corporate governance and commercial direction of the firm. In his remarks, Gregorio emphasized ABA’s strong fundamentals and pledged to deliver on ongoing and future projects, highlighting the company’s “substantial intrinsic value and growth prospects.”
Joining him in key executive roles are Arturo V. Magtibay as vice chairman, EVP, and COO; Arnold R.A. Gutierrez and Mary Jane Rodriguez as senior vice presidents; and Vicente Rafael L. Rosales as vice president and corporate secretary.
Among ABA’s strategic project highlights for 2025 and early 2026 are the Miracle Walk glass walkway and expansion of the Montemaria Integrated Tourism Project, the ABA Energy Hub in Batangas City, renewed exploration of the Abacoal Mining Project, and new investments into renewable energy and infrastructure via its investment bank.
Under its revamped leadership and tactical realignment, ABA is positioning itself for sustained growth, leveraging core assets while exploring new ventures.
